Head Of Risk (2-year FTC) | London, UK

Our client is a premier provider of wealth and institutional services. Their parent company is a USA Bank that has opened a branch and is mid-way through the licence process with the PRA for a new banking entity in the UK. They are looking for an investments Risk expert to develop an appropriate Risk Appetite for the UK Branch.

Key accountabilities:

• Lead the development of comprehensive risk management frameworks that align with both the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) requirements.
• Oversee the setting and management of risk exposures across the UK Branch.
• Oversee the management of risks and risk controls across the UK Branch within the parameters of the UK Branch risk management framework.
• Provide independent oversight and challenge of the effectiveness of processes for risk identification, assessment, mitigation, management, and reporting.
• Monitor business compliance with UK Branch policies and procedures and the effectiveness of risk identification and management.
• Provide oversight and challenge of Risk Management information, including scope, timeliness, and effectiveness.
• Understand and adhere to the Company’s risk and regulatory standards, policies, and controls in accordance with the Company’s Risk Appetite.
• Monitor internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.

Qualifications and Experience:

• Minimum of 10 years’ risk management related experience (risk, compliance, legal, audit).
• Strong understanding of relevant products in commercial lending and treasury operations .
• Strong correspondent banking knowledge .
• Strong risk analysis knowledge.
• Working knowledge of Loan Agency and Structured Finance products .
• Comprehensive knowledge of applicable regulations and key regulatory regimes.
• Knowledge and experience of best practice risk management and governance frameworks, methodologies, and emerging practice in the UK financial services industry.
• Minimum 5 years’ managerial or supervisory experience.
• Previous experience of holding SMF4 would be an advantage.

If you are available immediately and have the relevant experience, please apply to this exciting opportunity.

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